After Early Run, Market Pulls Back

An early rally went south within the first hours of trading Monday as a 144-point gain dissolved and the Dow Jones Industrial Average closed at 8862.57, off 33.42, or 0.38%. The main culprit: A weaker-than-expected manufacturing report.

Early optimism was fueled by Friday's report from the National Retail Federation that total holiday retail sales, which exclude restaurant and auto sales, will increase 4% to roughly $209.25 billion....